Which of the following is NOT a major risk in the payroll cycle?
A)Paying fictitious employees.
B)Paying employees more than a market wage.
C)Overpayment for time or production.
D)Incorrect accounting for costs and expenses.

Question

Quizplus · Accepted Answer

Paying employees more than a market wage may not be a risk in the payroll cycle as it does not involve any fraudulent or inaccurate activities. However, it may result in additional costs for the company. The other options are major risks in the payroll cycle as they involve fraudulent or inaccurate activities that can result in financial loss for the company.

Which of the Following Is NOT a Major Risk in the Payroll